State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-22 > Statute-47-22-60

47-22-60. Powers of corporation--Lending--Investing--Property holding. Each corporation shall have power to lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested.

Source: SL 1965, ch 24, § 5 (9).

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-22 > Statute-47-22-60

47-22-60. Powers of corporation--Lending--Investing--Property holding. Each corporation shall have power to lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested.

Source: SL 1965, ch 24, § 5 (9).